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| BDCI Partner Purchases 25,000sq.ft Building With Multiple Licenses |
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 Hot Stock to Watch |
Company: Bahamas Development Corporation (Pink Sheets: BDCI)
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Last:
Price: 0.0625
Change (%): + 0.0035 (5.93)
Volume: 921,000 |
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Cannabis Consortium's Partner Purchases 25,000sq.ft Building With Multiple Licenses
COCONUT CREEK, Fla., June 14, 2018 (GLOBE NEWSWIRE) - Via OTC PR Wire - Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc. dba Cannabis Consortium Partners have placed a 25,000 square feet building in Northern California under contract for 4 million dollars.
The escrow account has been funded and Cannabis Consortium and its Partners have been issued a lease to move in prior to closing and begin operations.
The building has been granted 4 licenses (2 manufacturing, 1 cultivation, and 1 distribution) a tenant has been lined up to rent 20,000 square feet for cultivation. The tenant has agreed to pay $30,000 a month in rent and a portion of the proceeds from each harvest.
Cannabis Consortium and its Partners will utilize 5,000 square feet and construct a mezzanine for an additional 1,500 square feet. This space will be used for manufacturing oils and infusing edibles.
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